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10 Cards in this Set
- Front
- Back
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Entry S |
C/S (Sub) APIC (Sub) R/E (1/1, Sub) Investment in Sub NCI |
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Entry A |
Ex: Land Building Patent Equipment (overvalued) Investment in Sub NCI |
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Entry I (share of income) |
Equity in Sub Investment in Sub |
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Entry D (dividends from sub) |
Investment in Sub Dividends declared |
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Entry E (expenses) |
Amortization exp. Equipment Patent Building |
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Entry TI (transfer of inventory) |
Sales (what was paid) COGS |
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Entry G (unrealized inventory gains, year of transfer) |
COGS (ending inv. component) Inventory Original gain x % unsold = unrealized gain |
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Entry G* (year following transfer) |
R/E (beg. bal. of seller) COGS (beg. inv. component) |
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Entry G* (downstream) |
Equity in Sub Income COGS (beg. inv. component) |
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Entry TL (land transfers, eliminating unrealized gains) |
Gain on sale of land Land |
